RE: CEOs work harder every hour than their wage slaves do every season.
January 30, 2014 at 6:32 am
(This post was last modified: January 30, 2014 at 6:34 am by Ryantology.)
(January 30, 2014 at 5:00 am)Tiberius Wrote: Ryantology,
Ben & Jerries tried your method. It didn't work. If a government tried it, I doubt it would work either. There are plenty of companies in other countries that pay their CEOs large amounts; so the companies would most likely move abroad.
It can't work for any one company if the rest don't have to.
Companies that want out are free to go. They can take with them a burdensome tax penalty for continuing to do business within the United States unless they feel like giving up on the market altogether. Other companies will rise to fill in the gaps. Plenty of buisesses are started by people who don't feel entitled to eight figure salaries. Other countries will follow suit, undoubtedly, leaving companies who wish to be exploitative nowhere to sell anything.
Companies don't need 50 million dollar executives to function. They do need motivated workers and a market to function. It is becoming time to make this known.
Quote:The problem is that any multiplying factor you pick is going to be arbitrary. I don't think you can say with any degree of certainty that the most deserving and important job in the world is worth only 20x more than the least deserving and least important.
Surely you aren't suggesting that the current system is somehow closer to objective.
Quote:As for higher taxes, take a look at France if you want to see how their tax system has failed. Taxing ridiculously high amounts only causes the wealthy to leave the country.
Maybe. That's why the world's largest economies need to work together on this so that they have nowhere to run to. We really don't have any choice but to force responsibility on the super wealthy. Left to their own devices, they will work you as hard as they can get away with, for as little as they can get away with, thriving on the poverty they are deliberately manufacturing because who cares if your operation is grinding a few thousand more people into penury? As long as you can add another meaningless zero on your paycheck, that's all that matters.
